Asreb Study guides, Class notes & Summaries

ASREB Test Question Review 2024 Questions and Answers Graded A+ Within the Arizona Groundwater Code all of the following rights were created EXCEPT? - Correct Answer ️️ -Subdivision grandfather right What is required to give someone the right to sign your name? - Correct Answer ️️ - Power of Attorney The buyer has an investment that has a feature of "a pass through certificate" this investment is most likely a: - Correct Answer ️️ -Ginnie Mae Security When an occupant holds...

ASREB Practice Exam, Sessions 1–18, Study Guide Questions and Answers 2024

ASREB Practice exam; Questions and Answers 100% Verified Formula for finding property value when you have the net operating income and cap rate Answer-Current market value(CMV)= NOI/ cap rate Example: CMV=$5.480/ .08(8%) =$68,500 When would IRS form 1099S be used? Answer-Report sales price What's a 1099s forms Answer-Known as an "information return. The form the federal government requires to be filed when selling real estate. If you sold any real property during the course of the ...

ASREB National Test A-5 Questions and Answers 100% Verified A property is sold but the legal title remains in the seller's name. What type of instrument was used to complete the sale? Mortgage Deed of Trust Agreement for sale Option Answer-Agreement for sale Seller does not give title to the buyer, but the buyer has use of the land. Title will be delivered when the debt is paid in full. This is called: Mortgage Deed of trust Land contract Exclusive contract Answer-Land contract

ASREB National Test A-1 Questions and Answers Latest (2024 / 2025) (Verified Answers)

ASREB Study Guide Questions (A1 - A9) Correctly Answered!!

ASREB Practice Exam, Sessions 1-18, Study Guide Questions Correctly Answered And Graded A+

ASREB Exam Questions with 100% Correct Solutions Salesperson is working for a principal, but the salesperson exceeds authority in agreement. Principal does nothing to correct the actions, and the public is led to believe the actions were okay. Agency? - Correct Answer ️️ -Estoppel Amount stated in a purchase contract in case the buyer breaches is called: - Correct Answer ️️ -Liquidated In a sublease with a positive leasehold who benefits from excess rent? - Correct Answer ️️ -...

ASREB Exam Practice Questions and Answers types of loans - Correct Answer ️️ -FHA loan, Conventional loan, VA loan FHA loan - Correct Answer ️️ -MIP (Mortgage Insurance Premium) Two types (Upfront and Monthly) Conventional loan - Correct Answer ️️ -PMI (Private Mortgage Insurance) Drops off automatically at 78% loan to value (LTV) Ask for removal at 80% loan to value VA Loan - Correct Answer ️️ -Funding Fee based on value USDA loan - Correct Answer ️️ -loan is zero do...

ASREB National Test A-1 Questions and Answers Already Passed A lessee puts in a bookcase for commercial use; at the end of the lease the bookcase is removed. The bookcase would be considered: Real Property Trade Fixture Appurtenant Chattel Real Trade Fixture A party owns a parcel of real estate with mineral rights, who owns the mineral rights? The state Federal government Original property owner The property owner The property owner A person dies with no will and no heirs....